Prospect Park, NJ Real Estate
According to census data in the year 2000 there were 1,889 housing units in Prospect Park.
This represents a 0.3% growth from 1,883 in 1990.
Of those housing units, 1,889 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Prospect Park is about 47.9%.
Prospect Park's vacancy rate, including seasonal lodging, is about 3.5%.
Average household size is 3.17 people.
The majority of houses, apartments or condos in Prospect Park were built after 1946.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.80% |
| One Bedroom | 11.90% |
| Two Bedrooms | 37.90% |
| Three Bedrooms | 35.80% |
| Four Bedrooms | 9.50% |
| Five Bedrooms or more | 4% |
Owned Homes, Apartments and Condos
| Average Household Size | 3.69 |
| Median year structure was built | 1939 |
| Median Value of occupied units | $137,600 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.69 |
| Median year structure was built | 1950 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 7.70% |
| Home Equity Loan | 2.50% |
| Simple Mortgage | 66.20% |
| Debt Free | 23.60% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 23.7% |
